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$11,800,000
Est. payment /mo
Active
25-10 38th AVE Long Island City, NY 11101
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 866065
Rental Info No
Year Built 2015
Annual Tax Amount $13,395
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! Brand New 20,800+ Sqft. 100% Occupied 20 Unit Mixed-Use Building In Astoria For Sale!!! The Property Features Excellent Signage, Great Exposure, M1-2/R6A Zoning, High 11' Ceilings, Low Property Taxes, 11 Parking Spaces, 19 Apartments, Separate Meters, Storage Area, Washers & Dryers, Elevator, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Astoria Only A Few Blocks From The Ed Koch Queensboro Bridge Offering Direct Easy Access To Manhattan!!! Neighbors Include UPS, Hilton Hotels, Marriott Hotels, Wyndham Hotels, T-Mobile, The Home Depot, CubeSmart Self Storage, Extra Space Storage, Best Buy, Dunkin', Planet Fitness, Marshalls, Michaels, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
Revel Fashion: $108,048.84 Ann.; Lease Exp.: 11/30/25
Apt 3A: (Studio) $32,136.00 Ann.; Lease Exp.: 9/1/25
Apt 3B: (1 Br., 1 Bath) $27,987.36 Ann.; Lease Exp.: 1/31/26
Apt 3C: (1 Br., 1 Bath) $35,013.48 Ann.; Lease Exp.: 5/31/26
Apt 3D: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 11/30/25
Apt 4A: (Studio) $30,538.92 Ann.; Lease Exp.: 3/31/26
Apt 4B: (1 Br., 1 Bath) $31,537.68 Ann.; Lease Exp.: 9/30/25
Apt 4C: (1 Br., 1 Bath) $31,164.48 Ann.; Lease Exp.: 4/30/27
Apt 4D: (1 Br., 1 Bath) $33,437.40 Ann.; Lease Exp.: 3/31/26
Apt 5A: (Studio) $30,825.00 Ann.; Lease Exp.: 2/28/26
Apt 5B: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 12/31/25
Apt 5C: (1 Br., 1 Bath) $36,000.00 Ann.; Lease Exp.: 7/31/25
Apt 5D: (1 Br., 1 Bath) $36,194.76 Ann.; Lease Exp.: 11/30/25
Apt 6A: (Studio) $28,103.76 Ann.; Lease Exp.: 2/28/26
Apt 6B: (1 Br., 1 Bath) $35,082.36 Ann.; Lease Exp.: 8/31/25
Apt 6C: (1 Br., 1 Bath) $31,087.56 Ann.; Lease Exp.: 7/31/25
Apt 6D: (1 Br., 1 Bath) $30,611.40 Ann.; Lease Exp.: 4/30/26
Apt 7A: (Studio) $29,664.00 Ann.; Lease Exp.: 8/31/25
Apt 7B: (1 Br., 1 Bath) $25,893.00 Ann.; Lease Exp.: 1/31/26
Apt 7C: (1 Br., 1 Bath) $35,269.80 Ann.; Lease Exp.: 2/28/26
Washer & Dryer: $19,320.00 Ann.
Storage: $35,600. Ann.
Parking: $38,400. Ann.
Total Gross Income: $815,895.80 Ann.
__________________
Expenses:
Gas: $2,400 Ann.
Electric: $7,200 Ann.
Maintenance & Repairs: $3,000 Ann.
Insurance: $8,000 Ann.
Taxes: $13,395.28 2
Total Expenses: $33,995.28 Ann.
Net Operating Income (NOI): $781,900.52 Ann.
Income:
Revel Fashion: $108,048.84 Ann.; Lease Exp.: 11/30/25
Apt 3A: (Studio) $32,136.00 Ann.; Lease Exp.: 9/1/25
Apt 3B: (1 Br., 1 Bath) $27,987.36 Ann.; Lease Exp.: 1/31/26
Apt 3C: (1 Br., 1 Bath) $35,013.48 Ann.; Lease Exp.: 5/31/26
Apt 3D: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 11/30/25
Apt 4A: (Studio) $30,538.92 Ann.; Lease Exp.: 3/31/26
Apt 4B: (1 Br., 1 Bath) $31,537.68 Ann.; Lease Exp.: 9/30/25
Apt 4C: (1 Br., 1 Bath) $31,164.48 Ann.; Lease Exp.: 4/30/27
Apt 4D: (1 Br., 1 Bath) $33,437.40 Ann.; Lease Exp.: 3/31/26
Apt 5A: (Studio) $30,825.00 Ann.; Lease Exp.: 2/28/26
Apt 5B: (1 Br., 1 Bath) $36,990.00 Ann.; Lease Exp.: 12/31/25
Apt 5C: (1 Br., 1 Bath) $36,000.00 Ann.; Lease Exp.: 7/31/25
Apt 5D: (1 Br., 1 Bath) $36,194.76 Ann.; Lease Exp.: 11/30/25
Apt 6A: (Studio) $28,103.76 Ann.; Lease Exp.: 2/28/26
Apt 6B: (1 Br., 1 Bath) $35,082.36 Ann.; Lease Exp.: 8/31/25
Apt 6C: (1 Br., 1 Bath) $31,087.56 Ann.; Lease Exp.: 7/31/25
Apt 6D: (1 Br., 1 Bath) $30,611.40 Ann.; Lease Exp.: 4/30/26
Apt 7A: (Studio) $29,664.00 Ann.; Lease Exp.: 8/31/25
Apt 7B: (1 Br., 1 Bath) $25,893.00 Ann.; Lease Exp.: 1/31/26
Apt 7C: (1 Br., 1 Bath) $35,269.80 Ann.; Lease Exp.: 2/28/26
Washer & Dryer: $19,320.00 Ann.
Storage: $35,600. Ann.
Parking: $38,400. Ann.
Total Gross Income: $815,895.80 Ann.
__________________
Expenses:
Gas: $2,400 Ann.
Electric: $7,200 Ann.
Maintenance & Repairs: $3,000 Ann.
Insurance: $8,000 Ann.
Taxes: $13,395.28 2
Total Expenses: $33,995.28 Ann.
Net Operating Income (NOI): $781,900.52 Ann.
Location
State NY
County Queens
Rooms
Basement Storage Space
Interior
Heating Electric
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp
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